Americans spread blame for high gas prices, foresee $4.75 a gallon

Gasoline for fire engine (LOC)

Gasoline for fire engine (LOC) (Photo credit: The Library of Congress)


Americans believe gas prices will climb higher heading into the summer driving season, new polling suggests, and they put the oil industry and Wall Street speculators at the top of the list of villains behind higher prices at the pump.

How high do people see prices getting three months from now? The average expectation is $4.75 per gallon of regular unleaded fuel, according to a Christian Science Monitor/TIPP survey of 906 adults nationwide released Friday. That would be up 20 percent from the current national average of $3.93, according to AAA’s Daily Fuel Gauge Report.

The business and finance communities get the biggest share of the blame. Nearly one-quarter of those polled blame the oil industry most for rising gasoline prices; roughly 20 percent most blame Wall Street speculators. Politicians don’t get off scot-free, however. Fourteen percent most blame the Obama administration and 9 percent blame Congress.

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About smartspending5

I am business-minded college student who has a heart for helping others attain emotional independence and psychological stability. My background lies in Broadcasting, network marketing, and Human Services. I believe that crises and extreme stress is necessary for one to grow and figure out what matters in life (Tony Robbins). This keeps me going when frustrations arise in my business. View all posts by smartspending5

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